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Oil refiner Phillips 66 plans job cuts to advance strategic priorities
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Oil refiner Phillips 66 plans job cuts to advance strategic priorities
Aug 6, 2024 9:27 AM

NEW YORK, Aug 6 (Reuters) - U.S. oil refiner Phillips 66

plans another round of job cuts to advance its strategic

priorities and improve workforce efficiency, the company said on

Tuesday.

"Phillips 66 continues to look to ways to position our

organization to help advance its strategic priorities and enable

more efficient ways of working," a company spokesperson said.

"As a result, some positions are being eliminated."

The total reductions amount to less than 1% of the company's

employee count, the spokesperson said.

The latest job cuts come just a year after the Houston-based

refiner eliminated 175 positions amid efforts to realign its

global operations.

A total of 430 employee and contractor roles around the

globe would change as part of its 2024 realignment and

outsourcing, Phillips 66 said last August.

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